46 Gerard St 19,889 SF 92% Leased Retail Building Huntington, NY 11743 $13,750,000 ($691.34/SF) 5.86% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic.
- 100% occupied.
EXECUTIVE SUMMARY
High traffic strip retail center. 100% occupied!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,021,596
|
$51.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,021,596
|
$51.36
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$216,447
|
$10.88
|
| Net Operating Income |
$805,149
|
$40.48
|
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
19,889 SF
Building Class
B
Year Built
1988
Price
$13,750,000
Price Per SF
$691.34
Cap Rate
5.86%
NOI
$805,149
Percent Leased
92%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.30
Lot Size
0.35 AC
Parking
6 Spaces (0.46 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Chirospa Chiropractic, P.C.
- -
- 500 SF
- -
- -
- Cupcake Gourmet Incorporated
- -
- 500 SF
- -
- -
- Minuteman Press
- -
- 2,800 SF
- -
- -
- Pomodoro
- -
- -
- -
- -
- Village Bagel Cafe
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Chirospa Chiropractic, P.C. | - | 500 SF | - | - | ||
| Cupcake Gourmet Incorporated | - | 500 SF | - | - | ||
| Minuteman Press | - | 2,800 SF | - | - | ||
| Pomodoro | - | - | - | - | ||
| Village Bagel Cafe | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former Thai Restaurant Space
Inline, retail, former Bubble Tea restaurant.
| Space | Size | Space Use | Position | Available |
| Unit 1 | 700 SF | Restaurant | In-Line | Now |
| Unit I | 960 SF | Retail | In-Line | Now |
Unit 1
| Size |
| 700 SF |
| Space Use |
| Restaurant |
| Position |
| In-Line |
| Available |
| Now |
Unit I
| Size |
| 960 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Walk Score®
Walker's Paradise (95)
NEARBY MAJOR RETAILERS
